Automated Option Strategy Vaults PsyFinance Will Launch PsyFinance v2

PsyFinance, the automated option strategy vaults built on Solana, announces it will launch PsyFinance v2. The upgrade focuses on the transition from American style options to European style options in order to improve capital efficiency. At the same time, PsyFinance v2 will update the auction process. Previously, only white listed institutions could participate in the PsyFinance auctions, but not anymore; henceforth, auctions will be held on the orderbook of PsyOptions and Serum, so that retail users can bid on weekly options alongside PsyFinance market makers. In addition, PsyFinance v2 will support cancellation of pending deposits and withdrawals, and plans to launch a new vault when it goes live. Previously, Solana-based options trading platform PsyOptions acquired decentralized options vaults Tap Finance and renamed it PsyFinance.